transfer


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Transfer

To remove or convey from one place or person to another. The removal of a case from one court to another court within the same system where it might have been instituted. An act of the parties, or of the law, by which the title to property is conveyed from one person to another.

Transfer encompasses the sale and every other method, direct or indirect, of (1) disposing of property or an interest therein or possession thereof; or (2) fixing a lien (a charge against property to secure a debt) absolutely or conditionally, voluntarily or involuntarily, with or without judicial proceedings, in the form of a conveyance, sale, payment, pledge, lien, mortgage, gift, or otherwise. The term transfer has a general meaning and can include the act of giving property by will.

Transfer is the comprehensive term used by the Uniform Commercial Code (UCC)—a body of law adopted by the states that governs mercantile transactions—to describe the act that passes an interest in an instrument (a written legal document) from one person to another.

transfer

n. 1) the movement of property from one person or entity to another. 2) passage of title to property from the owner to another person. 3) a piece of paper given to allow a person or shipment to continue travel.

transfer

to make over to another rights in or interests over property; sometimes the term is used as a noun to denote the instrument by which this is effected.

TRANSFER, cont. The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter.
     2. It is a rule founded on the plainest dictates of common sense, adopted in all systems of law, that no one can transfer a right to another which he has not himself: nemo plus juris ad alienum transfers potest quam ipse habet. Dig. 50, 17, 54 10 Pet. 161, 175; Co. Litt. 305.
     3. To transfer means to change; for example, one may transfer a legacy, either, 1st. By the change of the person of the legatee, as, I bequeath to Primus a horse which I before bequeathed to Secundus. 2d. By the change of the thing bequeathed, as, I bequeath to Tertius my History of the United States instead of my copy of the Life of Washington. 3d. By the change of the person who was bound to pay the legacy, as, I direct that the sun) of one hundred dollars, which I directed should be charged upon my house which I gave to Quartus, shall be paid by my executors.

References in periodicals archive ?
However, for a transfer by irrevocable lifetime gift, the custodianship can be extended to an age not later than the age of 21 (or earlier death); for a transfer by irrevocable exercise of a power of appointment, for a transfer authorized in a will or trust, or for a future transfer pursuant to a revocable nomination of custodian, the custodianship can be extended to an age not later than the age of 25 (or earlier death).
The court noted that the legislative history revealed Congressional intent to (1) apply Federal transfer taxes as uniformly as possible and (2) tax GSTs having a similar effect in a similar manner.
* 34 percent of multinational corporations (MNCs) have elevated responsibility for transfer pricing policies to the CFO level.
The sale was bona fide in the Court's view because it was on the advice of Bongard's lawyer and thus the transfer was made for a significant nontax business purpose.
The California Community College Chancellor's Office and the California Community College Transfer Center Directors' Association (1997) described academic transfer services provided by community college transfer counselors.
By law, any government organization using technology transfer authority must have an ORTA for offering advice and assisting the command with CRADAs, intellectual property agreements, patent licensing agreements, personnel exchange, and research grants.
In the Beaumont trial, "waiting for EMS took up most of the transfer time," she notes.
The principal, Winerip wrote, had been "informed by city officials that she would be receiving many additional student transfers under the federal No Child Left Behind law."
Figure 3, reproduced below, relates to transfers of assets between related corporations.
You do not want either chair skidding away from you in the middle of a transfer. Use your gait belt (transfer belt) around the waist of the resident to help give you additional leverage and to use the resident's own geometry to help in getting up.
Transfer Price = Variable costs per unit + Lost contribution margin per unit
and status phases are still transferring at slower asynchronous phases and limited to a single transfer per connection.